Canada Mining News

Thirty-year-old inactive Australia mine to host first of its kind clean energy storage facility

Terramin's Angas zinc mine will host a 5 MW Advanced Compressed Air Energy Storage facility.

SNC-Lavalin faces squeeze to speed asset sales as crisis deepens

It’s surprising how everything snowballed.

Monarch resumes drilling program in Quebec

Before it was suspended, the 2018 diamond drill program enabled the company to extend the limits of the deposit, returning numerous intersections with high-grade gold values.

Investors applaud Yamana Gold’s Q4 results

Yamana Gold’s stock was up 4.65% in after hours trading.

Casa options Keaper polymetallic project in British Columbia

The optionee must spend $4 million on exploration, pay Casa $550,000 and issue Casa 2.5 million shares in yearly stages.

Northwest Territories government signs contract to build Tlicho Road

Fortune will undertake the construction of a road from the mine site to Whati, a village is only 50 km south of Fortune’s NICO mill project.

Petro-Canada to build first coast-to-coast network of fast EV chargers

More than 50 EV stations will be located along the Trans-Canada highway from Nova Scotia to British Columbia.

Quebec lithium developer's stock craters after cost blowout

The company has been forced to revise the budget for the Whabouchi lithium mine and Shawinigan electrochemical plant upward by C$375 million.

Regency Gold enters the vanadium exploration space

The interest behind its acquisition of all of Vanadium North Resources' shares is the Valley of Vanadium project in the Northwest Territories.

SNC-Lavalin bonds weaken as S&P cuts company to cusp of junk

The company said it failed to reach an agreement with a client in a dispute over a mining project in Latin America, prompting it to slash its profit forecast by more than 40% for the year.

Barrick Gold posts $1.2 billion quarterly loss, sees cost rising in 2019

The company pinned the cost increases partly on mining ending at its low-cost Cortez Hills open pit in Nevada in the first half of the year.

Teck misses Q4 profit estimates on lower copper, zinc and oil prices

Canada’s largest diversified miner saw its quarterly profit drop 41.5 % from the year earlier, amid lower prices for copper, zinc and oil.

Osisko cuts 9.15% Zn+Pb and 0.54% Cu at Key Anacon

Osisko Metals considers the exploration potential to be high both at Key Anacon and adjacent properties it owns.

GT Gold expands Saddle South mineralization

The target is on the company’s flagship Tatogga property near Iskut in British Columbia’s Golden Triangle.

North American Palladium ramps up exploration program

A minimum budget of $16 million is set, $10 million of which was raised by a flow-through share offering made in December.

Newcrest sells Côte d’Ivoire project to Canada’s Roxgold in $30 million deal

Roxgold believes the project has near-term development potential due to its Antenna deposit, which hosts an inferred resource of 5.8 million tonnes.

Trudeau cabinet minister quits amid SNC-Lavalin controversy

The statement doesn’t offer a reason for her departure.

Benchmark drills 52 g/t Au and 846 g/t Ag over 3 metres

Drilling at Dukes Ridge in 2018 returned a best assay of 52 g/t gold and 846 g/t silver over 3 metres within a larger interval of 33.52 metres that graded 5.8 g/t gold and 128.7 g/t silver.

Golden Predator shares first bulk sample results

The overall grade for the bulk sample is estimated to be 20 g/t gold.

Trudeau faces ethics investigation over SNC-Lavalin case

“Again, all we’ve heard are allegations in a newspaper. The prime minister has said that these allegations are false.”

Pure Gold Mining releases feasibility on Madsen in Red Lake

Madsen is one of the highest grade undeveloped gold deposits in the world.

Vancouver miner to partner with Zijin for gold project in the Kyrgyz Republic

The project encircles the Taldybulak Levoberejnyi Mine, which was recently built by Zijin and contains 3.2 million ounces in reserves and resources at a grade of 7.2 g/t.

Northern Graphite to increase Bissett Creek’s production by 20%

The increase would mean integrating an initial production rate of approximately 25,000 tonnes per year into its development plans.

SNC-Lavalin issues new profit warning on Latin America mining contract

SNC didn’t identify the project but analysts are pointing the finger at a copper mine run by Codelco, Chile’s state-owned producer.

World’s top uranium miner Cameco in no hurry to resume production

The company says it has seen a significant improvement over the past year, with prices up about 20%, but believes conditions are not where they need to be to restart idled capacity.